Auto Enterprises (ATL.AX)
RATE OF CHANGE
Trading: SELL @ $1.32
Signal Strength: MEDIUM
Auto Enterprises (ASX:ATL) currently has negative rate of change of -7.042%. This means the current price is less than the price 14 days ago and therefore losing momentum.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Rate of Change (ROC) is a refinement of Momentum - readings fluctuate as percentages around the zero line. The indicator is designed for use in ranging markets - to detect trend weakness and likely reversal points. However when combined with a trend indicator it can be used in trending markets.
Calculation: Rate of Change (ROC):
1) (Closing Price [today] - Closing Price [n days ago]) / Closing Price [n days ago] * 100
PROFILE: Auto Enterprises (ATL.AX)
Stock Exchange: ASX
Company: Auto Enterprises
Ticker Codes: | ATL.AX | ASX:ATL |
Apollo Tourism & Leisure Ltd., a tourism leisure company, manufactures, imports, rents, sells, and distributes recreational vehicles in Australia, New Zealand, and North America. It offers motorhomes, campervans, and caravans under the Winnebago, Adria, and Talvor brands. The company is also involved in the retail and wholesale of new and used motorhomes and caravans; and sale of ex-rental motorhomes through a dealer network. Apollo Tourism & Leisure Ltd. was founded in 1985 and is headquartered in Northgate, Australia.
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